
May 2026
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![]() | Naturgy stems from the 2008 acquisition of Union Fenosa. The company operates across the gas value chain, from procurement to distribution and marketing. It owns and operates the largest gas distribution network in Spain, where it is also the leading retail gas supplier. The company additionally operates gas and electricity distribution networks across several Latin American countries. It owns 17.9 GW of generation capacity, including 7.3 GW of wind and solar. | $33 | +11% | $31B | $45B | 2.0x | 7.0x | ||
![]() | A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 16%. Seventy-one percent of Acciona Energia's capacity is onshore wind, 26% in solar photovoltaic, and the bulk of the rest is battery. Thirty-five percent of its capacity is in Spain. The three biggest markets outside Spain are the US, Mexico, and Australia. | $27 | +21% | $9B | $14B | 4.1x | 7.7x | ||
![]() | Enagas SA is a Spanish utility company involved in the transport, storage, and regasification of natural gas. Its segment include operations into Infrastructure activity, Technical system management, and Non-regulated activities businesses. | $20 | +21% | $5B | $8B | 6.6x | 8.5x | ||
![]() | Energia Innovacion Y Desarrollo Fotovoltaico SA is a company specialized in photovoltaic solar energy projects. It offers engineering services, energy consulting, and installation of low and medium voltage. It is engaged in self-consumption photovoltaic installations for companies. Some of its projects are Generation park-Pulpi I, Fricosa, Barcia pipes, Peregrin One Garlic among others. The company currently has two Operating Segments: Generation and self-consumption, and Marketing. | $1 | -87% | $34M | $60M | 0.4x | (1.4x) | ||
| Median | $23 | +16% | $7B | $11B | 3.0x | 7.4x |
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